STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Sony and Honda join hands to deliver first EVs by 2026

In a joint venture between Sony Group and Honda Motor, the companies will target the premium electric vehicle market and aim to deliver their first EVs by 2026.

Intel could cut thousands of jobs as demand for PC processors slows

According to a Bloomberg News report Tuesday, Intel corp is looking to make significant job cuts in the coming period, citing people with knowledge on the matter.

PepsiCo shares climb on resilient demand despite fresh price increases

PepsiCo on Wednesday got a lift from an upbeat sales outlook and profit on the back of fresh price increases for its sodas and snacks to fight rising costs while signaling resilient demand.

Rivian shares fall sharply after recalling 13,000 of its electric vehicles

Shares of Rivian fell sharply Monday after the California-based company said it would recall nearly all of its vehicles.

Following widespread criticism, PayPal backtracks policy that fines users $2,500

Paypal Holdings Inc. walked back on a published policy over the weekend that foresaw fining users $2,500 for spreading misinformation.

Denbury shares climb on talks of Exxon Mobil takeover, Bloomberg

Shares of Denbury soared to an all-time intraday high, climbing as much as 12% on Monday after Bloomberg reported Exxon Mobil was considering a takeover of the oil-recovery specialist.

A statement from Peloton CEO calls for another 500 job cuts

Peloton Interactive Inc.'s chief executive said it plans to cut about 500 jobs in a move that should position the struggling fitness equipment maker to return to growth

Uber inks 10-year deal with Motional to launch robotaxis in the US

Last week, Uber Technologies inked a 10-year deal with Motional, a joint venture between Hyundai Motor Group and Aptiv that offers driverless rides and enables food deliveries through its ordering service using Motional's new all-electric IONIQ 5-based robotaxis.

Mastercard launches new fraud protection tool to assess crypto exchanges

Mastercard on Tuesday launched a new piece of software that helps banks identify and cut off crypto exchanges prone to fraudulent transactions.

Amazon adds 150,000 seasonal jobs after reports of retail hiring freeze

While it has been reported earlier this week that Amazon is pausing hiring for corporate roles in its retail business, Amazon announced Thursday it is hiring 150,000 employees for the holiday season.

Micron agrees to invest up to $100 billion in New York chip factory

Adding to a wave of chip-making plans in the US, Micron Technology Inc. agreed to invest as much as $100 billion to build a semiconductor-manufacturing campus in upstate New York.

Musk proposes to buy Twitter again at original bid days before trial

Backtracking his efforts to quit a deal and potentially avoiding a contentious courtroom battle, Elon Musk has reversed course and is again proposing to buy Twitter for $54.20 a share.

Greg Abel, Buffett's likely successor buys Berkshire stock worth $68 million

Vice Chairman and next in line to succeed Warren Buffett as Berkshire Hathaway Inc.'s Chief Executive, Greg Abel, spent more than $68 million on the conglomerate's shares last week.

Nike shares pushed lower by high inventory levels ahead of holiday season

Nike on Thursday said after two years of not having enough inventory, the athletic apparel company now has too much and taking aggressive steps to lower them.

Sony aims high for its next virtual reality headset, shares climb

Aiming high for the launch of its next virtual reality headset, videogame giant Sony plans to make two million units of the PlayStation VR2 by March 2023.

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